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to the pledge i know you signed with grover norquist. he said i'm okay with closing loopholes, but it has to be revenue neutral. but everyone knows to get a deal done, it can't be neutral. are you open to a deal that is not revenue neutral? >> what i'm open to is the idea of acknowledging the fact that we can bring in on average 18.5% of gdp through our revenue stream. that's what our tax system is capable of doing in the united states. that remains a constant. whether or top rate is at 35% as it is now or 75% as it was back in the early 1980s. that's a relative concept. what i want is for us to produce a steady stream of 18.5% rather than having these peeks and valleys. last year, we had a valley of about 14.5%. other years, closer to 20%. we want a steady, even, 18.5%. >> but to get from 14.5 to 18.5 is not revenue neutral. >> to get to there is not revenue neutral in the immediate sense, but what i'm saying is that if it produces on average 18% of gdp and that's going to keep us constant, that is arguably revenue neutral. in the long run, i think everyone would benefit. it would be rev
back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one killed in clashes with police who fired tear gas into the crowds. the unrest began after he issued a series of orders which allow him to run the country unchecked until a new constitution is written. morsi says his actions are meant to speed up reform and achieve political and social stability. >> translator: i have said beforened i repeat again, that i would never use a legislation against individuals, parties, men, women or muslims or christians for personal gains and to settle scores. >> now, this is all very problematic for the white house. just two days ago, president obama and secretary of state hillary clinton were prais
Search Results 0 to 5 of about 6 (some duplicates have been removed)

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